THE CORONAVIRUS CORPORATE FUNDING FACILITY
A new lending facility from the Bank of England will help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans. Under the new Covid-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies to support companies affected by a short-term funding squeeze and allow you to finance your short-term liabilities. Information on how to access the scheme will be published shortly.
The exact processes and timings of some of the above are still not entirely clear and patience will be required for the moment. However, if you have any questions please do not hesitate to contact us. As further significant developments arise, we will let you know.
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